Brent crude oil prices rise 51% since March, reaching $112.57 a barrel amid ongoing Iran conflict disruptions
Brent crude oil prices are witnessing unprecedented levels of escalation, on track for the highest monthly gain in history due to ongoing disruptions caused by the war involving Iran. As the conflict intensifies, Brent crude has jumped by 51% since the start of March, reaching $112.57 a barrel by the end of the last trading session on Friday. This surge has marked a significant increase from $72.48 on February 27, just before the commencement of military actions linked to the US-Israeli war against Iran, with prices even peaking at $119.50 during March, the highest point since mid-2022. The volatility in... [Continue Reading]
